Based in Singapore, Mark is an experienced journalist and editor with over a decade of experience reporting on technology and business trends throughout Asia. Mark got his start as an engineer, graduating from the UK's Queen's University of Belfast with a Master's degree in Electrical and Electronic Engineering. As senior reporter for Regulation Asia, Mark focuses on regulatory changes impacting financial markets, with particular interest in fintech, cybersecurity and crypto markets.
Capital / Liquidity
HKMA Consults on Revised Credit Risk Mitigation Guidelines
24/06/2024
The revised SPM module is expanded compared to the 2001 version, aimed at strengthening banks’ management of collateral or guarantees.
Enforcement
Korea: FSS Governor Calls For Culture Change at Banks
23/06/2024
The call for action from FSS Governor Lee Bok-hyun comes in response to multiple mis-selling and embezzlement cases in the banking sector.
Capital / Liquidity
China Give Small Banks Deadline to Establish Wealth Management Subsidiary
22/06/2024
The NFRA has reportedly given small banks until 2026 to establish a separate subsidiary if they wish to continue selling wealth management products.
Crypto / Digital Assets
Korea FSS Releases Findings from Consultations With VASPs
20/06/2024
The FSS identified some deficiencies, including issues relating to the segregation of user assets, cold wallet management, and internal controls.
Enforcement
Fractional Real Estate Sales Halted by Vietnam Regulator
19/06/2024
The SSC has halted fractional real estate sales in Vietnam by a securities firm, citing a lack of specific regulations and investor safety concerns.
Capital / Liquidity
Taiwan Targets Misuse of Loan Programme for First-time Homebuyers
19/06/2024
The government asked state-run lenders to tighten their reviews of mortgage applications and obtain affidavits from borrowers using the programme.
Korea and African Nations to Cooperate on Banking Sector Development
18/06/2024
The Korea Federation of Banks signed MoUs to strengthen cooperation with the banking sectors of Nigeria, Botswana, and Mauritius.
Fintech / Regtech
China’s TC260 Issues Draft Guide on Sensitive Personal Data
14/06/2024
The guide aims to provide a clear methodology for organisations to determine what constitutes sensitive personal information.
Securities / Derivatives
China: Stock Exchanges Issue New Programme Trading Rules
12/06/2024
HFT will be subject to differentiated fees based on indicators such as the number and frequency of orders submitted and withdrawn.
Market Infrastructure
ECB Consults on Guidance for Outsourced Cloud Services
05/06/2024
The guide covers governance of cloud services, disaster recovery, data security and confidentiality, exit strategy, and other areas.
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